India ranked second best place for business investment by US executives

New York, Aug.1 : India has been ranked as the second best country outside the United States for business investment, according to a "Winning Strategies in Economic Development Marketing" survey.

Top US corporate executives have ranked China as the best country outside the United States for business investment. The survey has been released here this week.

More than half of the 281 corporate executives who responded to the survey named China as the most favourable country. Over 45 percent of American executives voted in favour of India, which was followed by Mexico, the United Kingdom and Canada. The "Winning Strategies in Economic Development Marketing" survey has been conducted every three years by a leading US marketing organization Development Counsellors International (DCI) since 1996.

According to Xinhua, this is the first year respondents were asked to rank the business favour ability of the world's 25 largest countries, based on their GDP, outside the United States.

With the global battle for business more intense than ever, perceptions about a location's business climate often play a crucial role in site selection decisions, said DCI President Andrew T. Levine.

ANI